Home How to Buy Cryptocurrency – Beginner’s Guide Best Bitcoin Robot 2021 Bitcoin System Review – Is it a Scam or Legit?

Bitcoin System is an online platform that allows you to trade cryptocurrencies without needing to place any orders yourself. Instead, the underlying software – otherwise referred to as a Bitcoin robot, will trade on your behalf 24 hours per day.

In this Bitcoin System Review – we explore how the software works, how much the provider claims to make, and ultimately – whether the robot is legit or simply a scam.

What is Bitcoin System?

Bitcoin System review 2021Bitcoin System is behind proprietary technology that is able to trade digital currencies autonomously. The underlying software utilizes the art of artificial intelligence and machine learning to scan the cryptocurrency markets around the clock.

Much like a human trader, the Bitcoin System algorithm will look to identify trends by studying past and present pricing indicators. When the robot discovers a trading opportunity – the software will automatically place a buy or sell order. The software will also place risk-management orders – such as stop-loss and take-profit positions.

By opening an account with Bitcoin System, you will be able to benefit from the technology. All you need to do is meet a minimum deposit of $250 and you are good to go. Once you activate the robot, it will begin researching the crypto markets and subsequently placing trades. Our Bitcoin System review found that you can withdraw your proceeds at any given time.

Bitcoin System Pros and Cons?

Before reading our Bitcoin System review in full – check out the main pros and cons that we discovered.

Bitcoin System Pros
  • Trading software is proprietary to Bitcoin System
  • Trade cryptocurrencies 24/7 without needing to do any of the legwork
  • No prior experience necessary
  • The minimum deposit required is just $250
  • Accessible online or via a mobile app

Bitcoin System Cons

  • Does not publish its prior trading results

Your capital is at risk.

Bitcoin System Services

Unlike a lot of trading robots active in this marketplace, Bitcoin System has not diversified into other products or services. On the contrary, the platform specializes exclusively in its proprietary software.

How Does Bitcoin System Work?

In this section of our Bitcoin System review, we are going to explain how the investment process works from start to finish.

Step 1: Open an Account

First and foremost, you need to visit the official Bitcoin System website and begin the registration process. Towards the top right-hand side of the homepage, you will see an application form.

Complete the required fields by entering your email address, first and last name, and your mobile telephone number. Then, click on the ‘Open Your Account Today’ button the proceed to the next step.

Bitcoin System app review

Our Bitcoin System review found that you will then receive a confirmation email. Click the link contained within the email to complete Step 1.

Step 2: Complete Broker Registration

The only way that you can trade digital currencies from the comfort of your home is to have an account with a top-rated broker. As such, Step 2 of the Bitcoin System setup process requires you to register with one of its partnered trading platforms.

You will automatically be redirected to the respective broker based on your country of residence. Next, the broker will ask you to provide some basic personal information – such as your home address, date of birth, and prior trading experience.

As you will be opening an account with a regulated cryptocurrency brokerage, you will also need to completer a KYC (Know Your Customer) process. In a nutshell, this simply requires you to upload a copy of your government-issued ID – such as a passport or driver’s license.

Step 3: Choose Investment Amount

To recap – you now registered with Bitcoin System and have an account with a partnered broker. Next, you need to decide how much money you wish to invest into the Bitcoin System software.

  • You can invest any amount of your choosing, albeit, you need to meet a minimum deposit of at least $250.
  • Depending on which broker you were partnered with, you might be able to deposit funds with a debit/credit card or e-wallet.
  • Bank transfers are supported too – but this can take a number of days to process.

Just make sure you do not invest more than you can afford to lose – as success with Bitcoin System is never guaranteed.

Step 4: Set Trading Parameters

You are not advised to check the pre-set trading parameters of the Bitcoin System robot. The platform claims that the initial settings are sufficient to start outperforming the cryptocurrency markets.

However, if you have a bit of experience in the online trading space – it might be worth checking that the current parameters align with your risk profile and financial goals. In particular, assess what markets the robot is currently programmed to trade and what risk/reward ratios are in place.

Step 5: Activate Bitcoin System Robot

Our Bitcoin System review found that the final step is to simply activate the robot. To do this, you will need to click on the ‘Start Auto Trades’ button. In doing so, the robot will then start trading on your behalf. The best way to keep tabs on the robot is via your Bitcoin System dashboard.

Bitcoin System Success Rate

The Bitcoin System website does not provide any information regarding its prior success rate. Ordinarily, this is something that most Bitcoin robots display. However, the claims usually made by automated trading systems are typically hyperbole in nature – with no way of verifying the data.

With that said, it is somewhat notable that Bitcoin System does not follow the same aggressive market strategy as many of its counterparts. Instead, the team at Bitcoin System is focused on explaining the benefits of the underlying software as opposed to making profit promises.

Bitcoin System Fees

Our Bitcoin System app review was surprised to learn that you can gain access to the provider’s software without needing to pay a fee. In the vast majority of cases, automated robot platforms either charged a monthly subscription fee or require a one-time payment.

This can be problematic, as you are paying for a robot before you are able to assess whether or not it is profitable. But, in the case of Bitcoin System, all you need to do to start using the software is to meet the aforementioned minimum deposit of $250.

Is Bitcoin System a Scam?

On the one hand, there are many automated crypto robots that are clearly a scam. That is to say, as soon as you land on the provider’s website, you’ll be presented with claims of huge historical profits. With that said, there are also a number of legitimate Bitcoin robots available in the online space.

The key challenge is being able to separate the good from the bad. As per the research we compiled during our Bitcoin System app review, it appears that the provider is credible.

how does bitcoin system work?

As we mentioned just a moment ago, the team at Bitcoin System has not resorted to publishing huge profit claims on its homepage. This at the very least suggests that the provider is realistic with what its underlying robot technology can do for its users.

An additional safeguard worth considering is to research the crypto trading platform that you are partnered with. For example, if the broker is home to at least one regulatory license issued by a reputable financial body – then the likelihood is that you are using a safe platform.

Bitcoin System App

Our Bitcoin System review team found that the platform also offers a native mobile app that is compatible with both Android and iOS devices. This is ideal if you want to keep tabs on how your robot is performing in real-time.

Both the app and online version of the Bitcoin System are interconnected – meaning that you only need to register a single account.

In terms of how to get started, our Bitcoin System app review found that the download link will be sent to you once you register. This ensures that you are downloading the official Bitcoin System app and not a fraudulent imitation.

Bitcoin System Payments & Withdrawals

Our Bitcoin System review found that the platform is not directly involved in the deposit process. On the contrary, when you invest funds into the robot, you will do so via your partnered broker. This is actually a much better system on the proviso you are using a regulated trading site.

After all, the broker will need to hold a license with a reputable financial authority in order to offer trading services and accept deposits. We are unable to tell you with any certainty what payment methods you will be able to use to meet the $250 minimum requirement.

Bitcoin System review 2021

This is because each broker will differ and the one you are partnered with will depend on where you reside. With that said, the vast majority of platforms will allow you to deposit funds with a debit/credit card or bank wire. Others also offer support for e-wallets like Neteller and Paypal.

Bitcoin System Minimum Deposit

As noted above, the Bitcoin System minimum deposit is $250 – or the equivalent in your local currency. If you make a smaller valued deposit into your partnered broker, you will not be eligible to use the Bitcoin System robot.

Bitcoin System Customer Support

If you need to speak with a member of the support team, our Bitcoin System review found that you will need to send a message via the website. In terms of response times, online reviews suggest that this is typically within a couple of hours, albeit, this might be slightly longer during busy periods.

How to Use Bitcoin System

The process of using Bitcoin System – even for complete newbies, is very simple. Although we gave a more detailed walkthrough earlier, here’s a quickfire guide on how to use Bitcoin System.

  1. Register at Bitcoin System: The first step is to visit the Bitcoin System website and fill out the quick registration form at the top of the page. This will simply require your name, email address, and mobile number.
  2. Complete Broker Registration: Once redirected to the partnered broker, you will need to enter some basic personal information and upload a copy of your government-issued ID.
  3. Choose Investment Amount: You now need to choose how much you wish to invest – ensuring you meet a $250 minimum.
  4. Activate Robot: Once you click on the ‘Start Auto Trades’ button – you will active the robot and it will start trading cryptocurrencies on your behalf. If you are an experienced trader, you might consider reviewing the pre-set parameters to ensure they align with your trading profile.

The Verdict

Our Bitcoin System review concluded that by meeting a small minimum deposit of $250 – you can buy and sell digital currencies in a completely passive nature. The provider appears to tick all of the right boxes in terms of credibility and the software itself comes packed with advanced trading capabilities.

Of course, there is no guarantee that Bitcoin System will make you money, so always proceed at your own risk and never invest more than you can realistically afford to use. If you do want to get started right now – simply click on the link below to get set up in a matter of minutes!

Bitcoin System review 2021

There is no guarantee you will make a profit when using this provider. Proceed at your own risk.  

 

FAQs

What is Bitcoin System?

Is Bitcoin System a scam?

How much does the Bitcoin System app cost?

What pairs does Bitcoin System trade?

How do you withdraw from Bitcoin System?

Is Bitcoin System legal?

Michael Graw

Michael Graw

Michael is an experienced freelance journalist and writer based in Washington. His core expertise includes finance, trading and technology. His work has been published on various websites that are prominent in the financial space. These cover the intersection of markets, global news and new emerging technology. In addition, he holds a Ph.D. in Oceanography from Oregon State University and has worked with environmental non-profit organisations across the US to help bridge the gap between scientific research and coastal communities. Other publications that Michael has written for include TechRadar, Tom’s Guide, StockApps, and LearnBonds.